Senior Property Accountant MLB Capital Partners LLC Houston, TX
Job title: Senior Property Accountant
Company: MLB Capital Partners LLC
Job description: Senior Property Accountant Commercial Real Estate
Overview
MLB Capital Partners, a Houston-based private investment company that specializes in commercial real estate, development, and hospitality investments, is currently looking for an experienced Senior Property Accountant to support our growing business. MLB has approximately 15 employees, including the 5-person Management Team. The Firm currently manages approximately 10-15 entities for accounting purposes: limited partnerships, corporate general partners, limited liability companies, and management companies that require reporting to the IRS and the various partners and lenders. The Senior Accountant will be responsible for performing the accounting for all entities and related management companies and preparing the monthly, quarterly, and annual financial statements in compliance with the standard accounting procedures. In addition, the Senior Accountant manages the annual tax return preparation process and the annual audits.
Responsibilities
The key responsibilities of the Senior Property Accountant include, but are not limited to the following:
Monthly Accounting * Prepare necessary journal entries to record accounting activity such as distributions, contributions, loan activity, amortization, depreciation, capitalization, and other recurring activity
Review bank reconciliations and other accounting transactions prepared by the property bookkeeper for accuracy
Prepare reconciliations of Balance Sheet accounts
Review and provide explanations of Income Statement variance and budget to actual variances, inquire with Property Managers as necessary
Assemble a monthly reporting package for each entity for monthly Partner meetings including financial statements, cash forecast, dashboard reporting, rent rolls, and other key financial information
Respond to questions from Partners on financial activity
Process annual 1099s
Annual Responsibilities * Assist with the preparation of the annual budget for applicable properties and management entities
Assist and coordinate with outside CPA for annual audit including providing draft financial statements, PBC (Prepared by Client) schedules, and answering inquiries
Assist and work with outside CPAs in preparing tax returns for all entities. Review returns for accuracy
Other Duties * Attend monthly Partner meetings to review financial results
Lender and Investor Reporting
Systems Used: * Yardi Voyager
Banking Applications
ShareFile
Qualifications
Bachelors Degree in Accounting or related field required
Minimum 5 years of accounting experience within a commercial real estate entity required
Advanced knowledge and efficient use of Yardi is required
MS Excel proficiency required
Working knowledge of commercial leases
Strong understanding of GAAP principles
Possess characteristic traits of independent thinking, and self-starting initiatives while working well in a team-oriented environment
Must be able to handle flexibility in task management while having a keen eye for detail
Ability to multi-task, utilize effective time management skills, and be able to recognize and respond to time-sensitive issues and tasks
Ability to maintain discretion regarding personnel and industry-related matters
Expected salary:
Location: Houston, TX
Job date: Thu, 01 Sep 2022 22:24:18 GMT
Apply for the job now!
Apply Now
Company: MLB Capital Partners LLC
Job description: Senior Property Accountant Commercial Real Estate
Overview
MLB Capital Partners, a Houston-based private investment company that specializes in commercial real estate, development, and hospitality investments, is currently looking for an experienced Senior Property Accountant to support our growing business. MLB has approximately 15 employees, including the 5-person Management Team. The Firm currently manages approximately 10-15 entities for accounting purposes: limited partnerships, corporate general partners, limited liability companies, and management companies that require reporting to the IRS and the various partners and lenders. The Senior Accountant will be responsible for performing the accounting for all entities and related management companies and preparing the monthly, quarterly, and annual financial statements in compliance with the standard accounting procedures. In addition, the Senior Accountant manages the annual tax return preparation process and the annual audits.
Responsibilities
The key responsibilities of the Senior Property Accountant include, but are not limited to the following:
Monthly Accounting * Prepare necessary journal entries to record accounting activity such as distributions, contributions, loan activity, amortization, depreciation, capitalization, and other recurring activity
Review bank reconciliations and other accounting transactions prepared by the property bookkeeper for accuracy
Prepare reconciliations of Balance Sheet accounts
Review and provide explanations of Income Statement variance and budget to actual variances, inquire with Property Managers as necessary
Assemble a monthly reporting package for each entity for monthly Partner meetings including financial statements, cash forecast, dashboard reporting, rent rolls, and other key financial information
Respond to questions from Partners on financial activity
Process annual 1099s
Annual Responsibilities * Assist with the preparation of the annual budget for applicable properties and management entities
Assist and coordinate with outside CPA for annual audit including providing draft financial statements, PBC (Prepared by Client) schedules, and answering inquiries
Assist and work with outside CPAs in preparing tax returns for all entities. Review returns for accuracy
Other Duties * Attend monthly Partner meetings to review financial results
Lender and Investor Reporting
Systems Used: * Yardi Voyager
Banking Applications
ShareFile
Qualifications
Bachelors Degree in Accounting or related field required
Minimum 5 years of accounting experience within a commercial real estate entity required
Advanced knowledge and efficient use of Yardi is required
MS Excel proficiency required
Working knowledge of commercial leases
Strong understanding of GAAP principles
Possess characteristic traits of independent thinking, and self-starting initiatives while working well in a team-oriented environment
Must be able to handle flexibility in task management while having a keen eye for detail
Ability to multi-task, utilize effective time management skills, and be able to recognize and respond to time-sensitive issues and tasks
Ability to maintain discretion regarding personnel and industry-related matters
Expected salary:
Location: Houston, TX
Job date: Thu, 01 Sep 2022 22:24:18 GMT
Apply for the job now!
Apply Now